August 12, 2016 - UBS: China's Already Started Bailing Out its Banks
An analysis of 765 banks in China by UBS Group AG shows that efforts to clean up the country's debt-ridden financial system are well underway, with as much as 1
August 10, 2016 - Belize offshore bank sees a run on deposits after Fatca probe
The value of deposits in Belize Bank International (BBI) has dropped by almost 75% over the last six months to $31m from $102m (€91m, £76m), according to data
August 10, 2016 - Latin American tax clampdown latest threat to Swiss bank accounts
Brazil, Argentina and Mexico see such "regularisation" programmes, which do not focus only on assets held with Swiss banks, bringing in much-need revenues.
August 2, 2016 - California Businessman Charged with Conspiring with Israeli Banks to Hide Income
“Mr. Sarshar stashed millions in secret foreign financial accounts in Israel and then sought to use these accounts to evade his U.S. tax obligations, seeking to
July 26, 2016 - Geneva opens money laundering probe into ‘Putin’s banker’
The newspaper reports revealed that Pugachev, a former Russian senator who later became known as “Putin’s banker”, is accused of having laundered some $700 mill
July 25, 2016 - Bitcoin not money, Miami judge rules in dismissing laundering charges
“This court is unwilling to punish a man for selling his property to another, when his actions fall under a statute that is so vaguely written that even legal p
July 25, 2016 - Union Bank of India reports cyber breach on offshore account
Union Bank of India Ltd said on Friday one of the bank's offshore accounts was breached in a cyber attack, but the money trail was traced and the movement of fu
July 21, 2016 - UBS & Falcon banks censured in 1MDB probe
“The deficiencies observed in DBS, SCB and UBS related to lapses in specific processes and by individual officers. The lapses were serious in their own right, a
July 19, 2016 - Greek tax investigators raid home of former local UBS bank boss
The Greek investigation is based on account information from UBS’s Geneva branch contained on a CD that German authorities bought in 2012 and subsequently share
July 19, 2016 - US-Swiss ties: business as usual post Obama?
Around a dozen Swiss banks are still being probed for helping US citizens evade taxes. Could their cases hamper relations under a new president?
July 15, 2016 - UBS retains top spot as world's biggest private bank with US$1.74 trn managed assets
Bank of America Merrill Lynch came in second, with AUM of US$1.444 trillion - down 2 per cent for the year, while Morgan Stanley was third with US$1.439 trillio
July 12, 2016 - Panama Papers, Swiss account holders: people demand across the board accountability
he respondents included senior officials, mid level to low level government employees, traders, students and labourers. When asked if accountability should comm
July 11, 2016 - 'A new offensive against Swiss banks'
Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti
July 5, 2016 - U.S. Mining Swiss Bank Data to Find Tax Cheats
Lawyers familiar with the government’s offshore-account programs said the Department is likely looking hardest at accounts above $1 million, or $500,000 if ther
July 5, 2016 - Switzerland Orders UBS to Hand Over More Client-Related Data
The French authorities made their request based on information received from counterparts in Germany, who had seized client-related data from UBS during their o